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Why ASML Holding Stock Just Popped

TheMotleyFool

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Why ASML Holding Stock Just Popped: https://g.foolcdn.com/editorial/images/871112/child-examining-a-semiconductor-chip.jpg

ASML Holding (NASDAQ: ASML) stock jumped 6.3% through 11:25 a.m. ET Wednesday after receiving a vote of support from UBS.

In a note covered on StreetInsider.com this morning, the Swiss megabanker raised its price target on ASML stock by nearly 19%, to EUR1,900 (that's about $2,210 -- about 43% more than ASML stock costs today).

Image source: Getty Images.

Source Fool.com

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